Norse Gold Corp. Seeks TSX-V Reactivation and Launches Private Placement

Norse Gold Corp. has announced its application for reactivation on the TSX Venture Exchange as a Tier 2 Mining Issuer. The reactivation will involve delisting from the NEX board and is subject to certain conditions, including fulfillment of TSX-V Continued Listing Requirements. The company aims to meet the financial and operational criteria necessary for this transition.

Separately, Norse Gold plans a private placement offering to raise up to $1,000,000. This financing involves issuing up to 10 million units, each priced at $0.10. The proceeds will fund exploration of the Yellowknife Gold Belt property.

Additionally, 3.7 million stock options have been granted, with 2 million going to directors and officers. These options are priced at $0.10 per share and expire in 2031.